ROTHSTEIN STUART 4

What Happened

• Stuart Rothstein, President & CEO and a director of Apollo Commercial Real Estate Finance, Inc. (ARI), had 61,485 shares of ARI common stock withheld to satisfy tax-withholding obligations related to vested restricted stock units (RSUs). The withheld shares were valued at $10.68 each for a total of $656,660. This transaction is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-01-30
• Price used for withholding: $10.68 per share
• Shares withheld/disposed: 61,485; aggregate value ≈ $656,660
• Footnote: The filing notes shares were withheld to satisfy minimum tax withholding on vested RSUs granted under ARI's 2019 and 2024 Equity Incentive Plans (each RSU converts to one share on vesting).
• Additional footnote: The reported amount includes 196,355 RSUs (as disclosed in the filing).
• Filing date: 2026-02-03 — the Form 4 was filed within the required two business days (timely), not marked late.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• This was a routine cashless tax-withholding action associated with RSU vesting — common for executives when equity awards vest. Such withholdings are administrative and do not necessarily signal a change in the insider’s view of the company.